Sameer Africa PLC
NNSEKE:SMER16.60
KES
+0.35
(+2.15%)
ISIN
KE0000000232
Return %
Stock
S&P 500
1Y
20.73
14.20
3Y
675.70
81.12
5Y
426.98
68.34
Capital Structure
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- CEO
- John Mugo
- Sector
- Finance
- Industry
- Real estate development
- Address
- Nairobi Kenya
- IPO Date
- Apr 24, 1995
- Website
- sameerafrica.com
- Similar Companies
- Business
- Sameer Africa PLC is a Kenya-based commercial and industrial real estate investment, development, and property management company. Founded in 1969 as Firestone East Africa Limited and headquartered in Nairobi, Kenya, the company operates as a subsidiary of Sameer Investments Limited. Sameer Africa PLC develops, owns, and manages an extensive portfolio of prime commercial and industrial properties comprising over 750,000 square feet of lettable space across Kenya and the broader East African region. The company provides a systematic range of property solutions and asset management services, including commercial office space leasing; modern industrial warehousing and logistics facilities; Export Processing Zone (EPZ) and non-EPZ industrial park leasing; built-to-suit development solutions; showroom and retail complex leasing; and comprehensive facilities management services, anchored by flagship assets such as Sameer Business Park, Rivaan Centre, and Sameer Industrial Park. Its properties serve multinational and regional corporate tenants operating across the logistics, distribution, manufacturing, agro-processing, retail, fast-moving consumer goods, energy, and business process outsourcing sectors. The company conducts its property operations through key operating subsidiaries, including Sameer EPZ Limited and Sameer Industrial Park Limited. In recent strategic developments, Sameer Africa PLC completed a major business turnaround and operational reorganization to establish itself as a pure-play commercial and industrial real estate company, fully phasing out and exiting its legacy tyre manufacturing and distribution operations to generate virtually all revenue from long-term, high-margin rental income. To support this strategic expansion, the company initiated greenfield industrial developments, including the construction of modern, purpose-built warehousing facilities on Mombasa Road to meet escalating regional demand for e-commerce and supply-chain infrastructure, while executing a selective land monetization program to retire debt, reduce foreign exchange risk, and strengthen its capital structure.